| CDNS |
Report |
Q2'26 Revenue |
BEAT |
pred ~$1.60B vs. cons ~$1.582B |
HIGH |
| CDNS |
Report |
Q2'26 Non-GAAP EPS |
BEAT |
pred ~$2.12 vs. cons ~$2.06 |
HIGH |
| CDNS |
Report |
Q2'26 Non-GAAP Operating Margin |
BEAT |
pred ~45.6% vs. cons ~45.0% |
MEDIUM |
| CDNS |
Guide |
FY2026 Revenue guide |
BETTER |
guide ~$6.25B vs. cons ~$6.21B (FY2026) |
MEDIUM |
| CDNS |
Guide |
FY2026 Non-GAAP EPS guide |
BETTER |
guide ~$8.00 vs. cons ~$7.93 (FY2026) |
MEDIUM |
| CDNS |
Guide |
Q3'26 Revenue guide |
LOWER |
guide ~$1.60B vs. cons ~$1.62B (Q3 2026) |
MEDIUM |
| CDNS |
Guide |
Q3'26 Non-GAAP EPS guide |
LOWER |
guide ~$2.02 vs. cons ~$2.06 (Q3 2026) |
MEDIUM |
| CDNS |
Guide |
Record Backlog / RPO |
BETTER |
pred ~$8.2B vs. prior ~$8.0B (Q2 2026) |
MEDIUM |
| CDNS |
Return |
Day-1 residual (stock − beta × S&P 500) |
+4.0% |
— |
MEDIUM |
| CDNS |
Return |
5-day cumulative residual |
+1.5% (FADE) |
Beaten-down, de-rated stock (~-22% from June peak) sets a low bar, so a clean Q2 beat plus a modest organic FY raise and 'Rule of 60' milestone should trigger a relief pop on day 1. But the out-period math caps follow-through: the FY midpoint implies H2 run-rate (~$1.56B/qtr) roughly flat-to-below the Q2 level, so the Q3 guide likely lands soft vs. consensus building in acceleration, pulling out-quarter estimates down even after the beat. Combined with the sector-wide multiple compression overhang (July 17 -9.5% move alongside SNPS), the initial gain partially fades over 5 days. |
LOW |